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Princeton : Real Estate Advice

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  • Local Info22
  • Home Buying45
  • Home Selling5
  • Market Conditions14

Activity 112
Sun Jul 7, 2013
Alan May answered:
Lenore, there is no "formula" about what percentage of a listing price to offer.

Knowing what to offer comes from many places.
* Understanding the true-value of the home based on comps and CMAs
* Knowledge of what your desired target price is
* Understanding the climate of the current market
* An awareness of the list/sale ratio of recent comparable sales
* Negotiating skill (not to put too fine a point on it, but it's much easier to know what to offer, when you'd negotiated for homes before... the more successful times, the better, and you can get a "feel" for the seller, and figure out how they might respond by "profiling" and getting into their mind)
* ... and other intangibles.

As you can see, coming up with that starting point, is a compilation of lots of different things, all coming together to build that price.
... more
0 votes 4 answers Share Flag
Sun Mar 9, 2008
Sharon Kozinn answered:
Dear Peter,
I also used to live in So Cal (Torrance) so I know the difference in property taxes is quite high. However, in NJ your property tax is the main funding for your school system, that is why our schools are generally of a higher level.
I am from North Jersey (Bergen County) which isn't the area you have decided on, but you should get a in touch with a Real Estate Agent from that area, and they can get you all the school info you need. I can put you in touch with a great Coldwell Banker agent if you want. Pleae contact me through nny website.
Good Luck with your move!
Sharon Kozinn
... more
0 votes 13 answers Share Flag
Wed Jan 16, 2008
Donald Hansen answered:
You'll find the taxes much lower in Pennsylvannia. Services and schools may not be as good in Pennsylvannia because of this, though Yardley and Newtown are generally considered to have good schools systems. ... more
0 votes 2 answers Share Flag
Wed Jun 11, 2008
Sharon Kozinn answered:
You need to find a qualified Real Estate professional in that area to help you. You can also do research on your own, but a real estate agent will have access to all the recent sales activity in the area to help you formulate your plan of action.
Good Luck!
... more
0 votes 4 answers Share Flag
Mon Dec 17, 2007
Marc Paolella answered:
Hi Clay,

An attic fan can and should be installed that will mitigate the potential problem caused by the venting of the bathroom into the attic.
0 votes 6 answers Share Flag
Thu Dec 13, 2007
Bridgette Kostek, REALTOR, Coldwell Banker M. M. Parrish answered:
It really depends upon who you ask! Some NJ residents don't even include a option for "central Jersey" in their vernacular. As a former resident of Cape May (southernmost point in the state), I consider anything north of the Garden State Parkway central and/or north Jersey. Why do you ask? Here is a map of all New Jersey counties for you to make your own determination:

Best of luck and happy hunting!
... more
0 votes 8 answers Share Flag
Sun Mar 9, 2008
Justin Kiliszek answered:
I dont think your going to have any luck in Princeton at that price range. In order to make those numbers work you will need to look toward Trenton city.
0 votes 2 answers Share Flag
Thu Dec 11, 2014
Mike Kelly Allison Norman answered:
Talk to your friendly CPA/Accountant for the particulars of this question. If you represented to the lender you were going to be an "owner-occupant" on the townhome and have never lived in this property, then you have committed "lender fraud". This is not a good thing! Yes, you can rent out this property and yes, yo should be able to write off the interest payments on the loan, taxes, insurance, etc. You can also depreciate the property if you are holding for investment purposes. And when you sell you will not get any capital gains forgiveness since this is NOW a rental. I would sit down and let a CPA/Accountant fill in the blanks. You could always move into the townhouse for 2 years and then sell it with $250,000 (single person reporting) capital gains tax forgiveness. Check with your friendly lender regarding the lender fraud issues also! ... more
0 votes 7 answers Share Flag
Thu Jun 19, 2008
Deborah Madey answered:
Are you listed w/ a Realtor? Is it in MLS? You can also ask your Realtor to put it on CraigsList.

There aren't rental listings on Trulia.

I would say that typically we don't see a high volume of inquiries for rentals. But, the good news is that it usually does not take that many showing to result in a lease. ... more
0 votes 2 answers Share Flag
Sat Apr 30, 2011
Kenneth Verbeyst answered:
very little about area. tear downs are most common. Depending on where in town could be as low as mid 300K to around 1M (this is for mostly twp though as University owns most land) In boro proper you will likely spend 2-3M. ... more
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Sun Mar 16, 2008
Gt answered:
Princeton is a wonderful place! Lived here my whole life and absolutely loved the community growing up. Many of us in this area also like the convenience of being less than an hour away from both NYC and Philadelphia. The school system is descent, however, neighboring town Montgomery Twp. has the best schools in NJ. That is a more rural setting, but is so close to princeton that a 10 minute drive gets you to the center of princeton. Good luck with your search! ... more
0 votes 10 answers Share Flag
Tue Jan 1, 2008
Robert Rees Realty, Inc answered:
Troy, I agree. I come on here to answer the public's questions. I don't like answering Agent's "point questions"
0 votes 38 answers Share Flag
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